Libertarianism.org Guides
Podcast

Libertarianism.org Guides

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Libertarianism.org is the Cato Institute’s resource for exploring the theory, history, and practice of liberty. Taught by top professors and experts, Libertarianism.org Guides introduce the basic ideas and principles of a free and flourishing society. The core of each guide is a series of short lectures given in a small seminar setting accompanied by book, very often from the Libertarianism.org Introduction series. Guides also serve as a path to further learning. If you’d like to dig deeper, each Guide’s homepage offers reading lists, essays, and links to other helpful materials. Access and watch Libertarianism.org Guides anytime and anywhere, and all for free, at www.libertarianism.org.

Libertarianism.org is the Cato Institute’s resource for exploring the theory, history, and practice of liberty. Taught by top professors and experts, Libertarianism.org Guides introduce the basic ideas and principles of a free and flourishing society. The core of each guide is a series of short lectures given in a small seminar setting accompanied by book, very often from the Libertarianism.org Introduction series. Guides also serve as a path to further learning. If you’d like to dig deeper, each Guide’s homepage offers reading lists, essays, and links to other helpful materials. Access and watch Libertarianism.org Guides anytime and anywhere, and all for free, at www.libertarianism.org.

31
6

Foundational Concepts in Economics: 12: The Importance of Economic Liberty

Baetjer illustrates the harmful effects of economic regulations and argues that we ought to instead prefer economic liberty.
Politic and economy 9 years
0
0
9
33:00

Foundational Concepts in Economics: 11: Free Market Incentives Foster Service to Others

Baetjer argues that the incentives inherent in market institutions outperform the incentives inherent in state institutions in getting people to properly consider the well-being of others when they act.
Politic and economy 9 years
0
0
7
27:05

Foundational Concepts in Economics: 10: Profit and Loss Guide Entrepreneurial Discovery

The trial-and-error based profit and loss mechanism, says Baetjer, is an indispensable tool for guiding discovery and innovation in the economy.
Politic and economy 9 years
0
0
7
22:56

Foundational Concepts in Economics: 9: The Problems with Price Controls

Continuing his discussion of prices, Baetjer explains what can go wrong when outside interference prevents genuine market prices from emerging.
Politic and economy 9 years
0
0
8
21:31

Foundational Concepts in Economics: 8: Prices Communicate Dispersed Knowledge

Prices, explains Baetjer, are a powerful tool for getting people the knowledge they need to cooperate with one another in the market.
Politic and economy 9 years
0
0
7
19:03

Foundational Concepts in Economics: 7: Supply and Demand Together

Having discussed supply and demand separately, Baetjer explains how, together, they describe the way markets operate.
Politic and economy 9 years
0
0
8
18:03

Foundational Concepts in Economics: 6: Supply

Baetjer explains the “supply” half of “supply and demand.”
Politic and economy 9 years
0
0
6
14:06

Foundational Concepts in Economics: 5: Demand

Baetjer explains the “demand” half of “supply and demand.”
Politic and economy 9 years
0
0
7
18:43

Foundational Concepts in Economics: 4: Comparative Advantage and Division of Labor

Building on the concept of opportunity cost, Baetjer explains how specialization and trade make us richer.
Politic and economy 9 years
0
0
7
28:44

Foundational Concepts in Economics: 3: Marginal Thinking

All economic behavior occurs at the margin. The decisions of economic actors are “bit by bit” decisions, not all-or-nothing ones.
Politic and economy 9 years
0
0
8
27:42

Foundational Concepts in Economics: 2: Scarcity and Opportunity Cost

Baetjer explains scarcity, the problem that any given good of finite supply can only ever be put to some of the many ends for which we might use it, and opportunity cost, the concept that taking one option costs us the benefit we would have gotten from taking the next-best option instead.
Politic and economy 9 years
0
0
8
20:32

Foundational Concepts in Economics: 1: Subjective Value and Trade

Howard Baetjer outlines some basic concepts essential to understanding economics, including the natures of wealth and economic value.
Politic and economy 9 years
0
0
8
22:45

Libertarian Public Policy: 11: Economics and Public Policies

Dr. Miron briefly discusses criminal justice, intellectual property, scientific research, risk management, campaign finance, abortion, and behavioral economics.
Politic and economy 10 years
0
0
10
28:42

Libertarian Public Policy: 12: Conclusion

What would a libertarian society look like? Which changes in that direction are most important?
Politic and economy 10 years
0
0
2
19:35

Libertarian Public Policy: 10: National Defense

National defense is a legitimate function of government, but military spending and the scope of military action tend to grow to excess.
Politic and economy 10 years
0
0
3
16:45

Libertarian Public Policy: 9: Macroeconomics

Policies aimed at economic stabilization do more harm than good. Macroeconomic policy should be focused not on stabilization, but on economic growth.
Politic and economy 10 years
0
0
4
19:02

Libertarian Public Policy: 8: Redistribution

There’s a plausible case, though not a fully persuasive one, for redistributing income to relieve poverty. Other forms of redistribution should be eliminated.
Politic and economy 10 years
0
0
3
22:21

Libertarian Public Policy: 7: Health

Government intervention has lowered the quality of medical care and made it more expensive.
Politic and economy 10 years
0
0
2
18:21

Libertarian Public Policy: 6: Capitalism

Even though markets aren’t perfect, most regulations end up being counterproductive. Other regulations, like contract enforcement and rules against fraud, help.
Politic and economy 10 years
0
0
2
21:57

Libertarian Public Policy: 5: Discrimination

Markets have been shown to be effective to a degree in combating certain types of discrimination. Anti-discrimination laws have drawbacks we shouldn’t ignore.
Politic and economy 10 years
0
0
2
23:43
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